Showing posts from March, 2023

India's GDP growth of 4.4 Percent in Q3FY2023

 India's GDP growth of 4.4 Percent in Q3FY2023   India's Gross Domestic Product(GDP) growth in the third quarter of the current fiscal year were stood at 4.4 Percent. There was a 6.3 Percent in the previous September quarter - Q2FY23. The overall economic growth for the country in the current financial year is estimated to be 7 Percent. The Investment for India has grown by 8.3 Percent in the last December quarter. Previously it was around 9.7 Percent in the second quarter of the current fiscal year. The Private spending were at 61.6 Percent of the Total GDP in Q4FY23. However the Govt spending was slowed down.  Due to the rising inflation and impact in the borrowing costs, the private spending were fallen down to 2.1 Percent from the earlier 8.8 Percent in Q3FY23. It is noteworthy that the Govt Spending was reasonably high during the Covid-19 Lock down times to stimulus the Economy of the Country. India's Exports and Imports were down from the last September quarter to the